The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 4/17/2026 -
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Fortive Corp (FTV) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergence
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It was a third consecutive positive week for the Fortive Corp (FTV). During the week, the FTV gained 2.16 points, or 3.70%, and closed at 60.52 on Friday, April 17, 2026. Weekly volume was -17% below average.

Long-term trend: [See FTV long-term trend chart]
A long-term downtrend had started on March 22, 2024 at 87.10 and reached 46.34 on August 11, 2025. FTV lost 40.76 points, or 46.80%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 32.93 and resistance is at 78.51. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on August 11, 2025 at 46.34 and reached 62.42 on February 11, 2026. FTV gained -16.08 points, or -34.70%, in 26 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 53.99 and resistance is at 61.70. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 26, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See FTV short-term trend chart]
A short-term uptrend had started on March 30, 2026 at 53.48 and reached 61.16 on April 17, 2026. FTV gained -7.68 points, or -14.36%, in 18 days. The price is now at the 8.33% retracement level.

Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 31, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.87
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 83.22
Overbought Bearish
Greed/Fear Indicator (GFI) 82.75
Overbought
Moving Average Converg./Diverg. (MACD) 0.63 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.58
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 41.10
Greed/Fear Indicator (GFI) 59.20
Moving Average Converg./Diverg. (MACD) 0.13
Trading Signals
Description Value Chart
Upper Bollinger Band 62.41
Quarterly Trendline Resistance 61.70
Daily Stochastic Crossing 60.58
Price 60.52
Parabolic System 58.73
50 Day Moving Average 57.32
20 Day Moving Average 57.03
Weekly Stochastic Crossing 56.96
Quarterly Trendline Support 53.99
Lower Bollinger Band 53.28
Sector and Industry
Description Name Rank
Sector Industrials 4
Industry Industrial Machinery 54
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.95
Low Date 04/10/2026
High 61.16
High Date 04/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.48
Low Date 03/30/2026
High 61.16
High Date 04/17/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.42
High Date 02/11/2026
Low 53.48
Low Date 03/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 61.70
Support 53.99
Low 46.34
Low Date 08/11/2025
High 62.42
High Date 02/11/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 78.51
Support 32.93
High 87.10
High Date 03/22/2024
Low 46.34
Low Date 08/11/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.